Just as share consolidation happens when outstandi
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Posted On: 02/05/2021 3:01:06 PM
Just as share consolidation happens when outstanding share becomes too diluted, coming currency consolidation is inevitable as stream of paper money or digital currency floods the financial market around the world. During the Great Depression of 1930's in China, inflation was so rampant that prices changed by week than by day then by hour, 300 old Yuan was replaced by a New Yuan, but shortly afterward, 200 former New Yuan was replaced by another New Yuan, forcing increasing number of citizens into poverty. With American national debt over 106% GDP and rising and with continuous currency dilution, it will be alarming to look towards the future. One can imagine the only solution for the government is to inflate itself out of debt and what happened in China could happen in America. Gold and potential mining stocks will be the only safe haven in time of financial and economic crisis and uncertainty, those not preparing for the inevitable will be forced into poverty as they struggle to survive amid erosion of purchasing power of paper money.
The economic boom of past 100 years was fueled by continuous emergence of new technology and new innovative products amid strong demands from the world's "have nots", but those "have nots" not only are well-fed and well dressed, they have become sellers, vying with the world's biggest economy.
Big economic cycle enveloping small economic cycles is the law of the Universe, the 100 year economic boom will not go on forever and could be coming to an end and another prolonged economic depression may be inevitable. Amid global economic and technological saturation and trade war, aggravated by the Pandemic, the world is basically in an economic depression and in an economic slump, the only economic stimulus is printing money which is inflationary and we are living in the similar situation as in the 1930's but with less severity and austerity because in the 1930's there were limited number of primitive industries supported by global population or customers of only 2 billion, now there are astronomical number of industries and economic sectors amid global population or customers of 7.8 billion. Diversification is the key for security and stability and the world economies are being supported by nearly 4 times the population as in the 1930's. But with astronomical amount of currency dilution chasing limited and finite natural resources amid increasing demands from astronomical number of industries, do expect sustainable and skyrocketing commodities prices in the years ahead.
Gold, the first financial commodity ever traded in the human history will be the last financial security and safe haven the world will be seeking for.
The economic boom of past 100 years was fueled by continuous emergence of new technology and new innovative products amid strong demands from the world's "have nots", but those "have nots" not only are well-fed and well dressed, they have become sellers, vying with the world's biggest economy.
Big economic cycle enveloping small economic cycles is the law of the Universe, the 100 year economic boom will not go on forever and could be coming to an end and another prolonged economic depression may be inevitable. Amid global economic and technological saturation and trade war, aggravated by the Pandemic, the world is basically in an economic depression and in an economic slump, the only economic stimulus is printing money which is inflationary and we are living in the similar situation as in the 1930's but with less severity and austerity because in the 1930's there were limited number of primitive industries supported by global population or customers of only 2 billion, now there are astronomical number of industries and economic sectors amid global population or customers of 7.8 billion. Diversification is the key for security and stability and the world economies are being supported by nearly 4 times the population as in the 1930's. But with astronomical amount of currency dilution chasing limited and finite natural resources amid increasing demands from astronomical number of industries, do expect sustainable and skyrocketing commodities prices in the years ahead.
Gold, the first financial commodity ever traded in the human history will be the last financial security and safe haven the world will be seeking for.
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